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mitt romney came on to the stage, he was able to moderate his positions, appeal to people in the middle of the country, as well as the people in the base who were excited to see him have a fighting chance and for a moment there, it did look like he was getting the upper hand in the election. >> number three, the 47% video that, that video of mitt romney saying there's a large portion of america who believe that they're victims. >> that was the devastating moment for the romney campaign and i don't think anybody who supports or was opposed to the romney campaign could argue that. it encapsulated a feeling that people had about mitt romney. the uneasiness about him and the way that he was perceived to feel about so much of the country and it really hurt him. it was helped in hurting him by the obama campaign and turning it in to a commercial. it went viral in so many ways and arguably the romney campaign never recovered from that, even with the first debate and president obama's failure to bring it up in that first debate with his pretty lackluster performance. >> number two, ranked wisco
speech that rallied the crowd, as did first lady michelle obama for romney, that was a tough week, with clint eastwood and the chair, and that dominated the headlines. so it looked like the president had -- that was because, of course, before he ran into some turbulence. >> talk about that debate. those on the left were very surprised, those on the right also. >> absolutely. this was a key moment in the campaign where it lookedly maybe romney would be able to come back. obama's campaign team always thought this moment was exaggerated. the president's team always thought that was overblown, but certainly this was a big moment in the campaign. the president felt very down afterwards as glen and jonathan martin report in their new e-book what a tough period that was for the president. he had to find win himself and come back. >> so raching, finish it off, bring it to today. there's the fiscal cliff. got to be the most recent of the big points in politics for 2012. >> absolutely. that shows just how fleeting a victory is in this town. president obama won a stronger than predicted vict
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